Exhibit 12.1

AG Mortgage Investment Trust, Inc.

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

The following table sets forth the calculation of our ratio of earnings to combined fixed charges and preferred stock dividends for each of the periods indicated:

					Period from
	Year Ended		Year Ended		March 7, 2011 to
	December 31, 2013		December 31, 2012		December 31, 2011
Net Income/(Loss)	$	(31,578,636)		134,935,917		18,970,696
Fixed Charges (1)		59,408,921		28,797,622		4,132,336
Preferred stock dividends		13,469,416		4,137,010		-
Total fixed charges and preferred stock dividends		72,878,337		32,934,632		4,132,336
Earnings available to cover fixed charges and preferred stock dividends	$	41,299,701		167,870,549		23,103,032
Ratio of earnings to combined fixed charges and preferred stock dividends		0.6		5.1		5.6

(1) Fixed charges consist of interest expense on all indebtedness reported for GAAP, plus $5.9 million, $3.8 million and $0.3 million relating to the underlying interest charge on repurchase agreements accounted for as a component of linked transactions, and $27.9 million, $10.0 million and $2.2 million relating to the net periodic interest settlements of interest rate swaps for the years ended December 31, 2013 and December 31, 2012 and for the period ended December 31, 2011, respectively.